Victory Securities: The volatility of virtual assets has slowed down, and prices may rise in the future

Zhou Lele, the Deputy Chief Operating Officer of Victory Securities, stated that the current expectations of the virtual asset market for the future are mainly influenced by changes in monetary policy. The market seems to be in a preparation stage, with a rise of less than 3% in the past week. The future price may rise, but the volatility may remain unchanged. As long as the interest rate cut is not imminent, the market will have enough momentum to rise, and it is expected that the market will maintain expectations of high interest rates before the improvement of inflation data. In terms of on-chain data, the user base of Ethereum is still growing, and the number of active addresses and new addresses have reached a relatively high historical level, which may indicate the long-term health and growth potential of the network. In terms of on-site funds, the amount of stable coins held by exchanges as a "safe haven currency" has decreased significantly, which may mean that market confidence has been restored, and investors may reinvest funds into higher-risk assets to seek higher returns, rather than being in a wait-and-see state. As prices rise, the inflow of off-site capital (ETF inflows) and stable holding strategies on-site may be resonating, which will become a key factor in the rise of Bitcoin prices and the rebound of volatility.